Shares of Amazon.com Inc. (AMZN) experienced a significant surge of 3.09% to reach $132.21 on Friday. This impressive performance was part of an all-around great trading session for the stock market. The S&P 500 Index (SPX) rose by 0.99% to 4,582.23, and the Dow Jones Industrial Average (DJIA) also saw a notable increase of 0.50%, reaching 35,459.29.
This marked the second consecutive day of gains for Amazon.com Inc., showcasing the company’s continued growth and success. Although the stock closed at $14.36 below its 52-week high of $146.57, which it previously achieved on August 16th, the positive momentum is still evident.
Compared to its competitors, Amazon.com Inc. outperformed on Friday. Apple Inc. (AAPL) rose by 1.35% to reach $195.83, while Microsoft Corp. (MSFT) experienced a 2.31% increase, reaching $338.37. Alphabet Inc. Cl C (GOOG) also enjoyed a notable surge of 2.42%, with its stock price reaching $133.01.
It is worth noting that the trading volume for Amazon.com Inc. was 46.0 million shares, which remains 13.6 million shares below its 50-day average volume of 59.6 million shares.
